Exports up by over 18 per cent in August

New Delhi, Oct 1 (UNI) Country's exports grew 18.9 per cent in August at 12,686.38 million dollar in comparison to 10,668.78 million dollar during the corresponding period last year.

According to an official release issued here today, in rupee terms, exports touched Rs 51,787.31 crore, which was 4.31 per cent higher than the value of exports during August, 2006. The cumulative value of exports for the period April-August, 2007 was 59,483.99 million dollar (Rs 2,43,611.53 crore) as against 50,255.50 million dollar (Rs 2,30,788.99 crore) registering a growth of 18.36 per cent in dollar terms and 5.56 per cent in rupee terms during the same period last year.

Imports during August, 2007 were valued at 19,569.31 million dollar representing an increase of 32.64 per cent over the level of imports valued at 14,753.47 million dollar in August, 2006. In Rupee terms, imports increased by 16.35 per cent. Cumulative value of imports for the period April-August, 2007 was 91,986.78 million dollar (Rs 3,76,964.85 crore) as against 70,181.41 million dollar (Rs 3,22,203.73 crore) registering a growth of 31.07 per cent in dollar terms and 17 per cent in Rupee terms during the same period last year.

Oil imports during the period were valued at 6,022.74 million dollar which was 19.52 per cent higher than oil imports valued at 5,038.96 million dollar in the corresponding period last year. Oil imports during April-August, 2007 were valued at 25,901.26 million dollar which was 8.32 per cent higher than the oil imports of 23,912.08 million dollar in the corresponding period last year.

Non-oil imports during August, 2007 were estimated at 13,546.58 million dollar which was 39.57 per cent higher than growth on non oil imports of 9,705.74 million dollar in August, 2006. Non-oil imports during April-August, 2007 were valued at 66,085.52 million dollar which was 42.85 per cent higher than the level of such imports valued at 46,260.56 million dollar in April-August, 2006.

The trade deficit for April-August, 2007 was estimated at 32,502.79 million dollar which was higher than the deficit at 19,925.91 million dollar during April-August, 2006.

UNI